By MarketsFarm
WINNIPEG, April 22 (MarketsFarm) – The Canadian dollar was holding firm Thursday morning, as the currency found ongoing support after Wednesday’s Bank of Canada interest rate announcement.
At 8:56 a.m. CDT Thursday morning, the Canadian dollar was at US$0.7993 or US$1=C$1.2511 which compares with Wednesday’s North American close of US$0.7985 or US$1=C$1.2523.
The Bank of Canada kept its key overnight rate unchanged at 0.25 per cent on Wednesday, but was seen as taking a more optimistic stance on the post-pandemic economic recovery.
Canada’s new housing price index was up by 1.1 per cent in March, with new house prices up in 23 of the 27 census metropolitan areas.
West Texas Intermediate crude oil holding relatively steady, down by less than 0.1 per cent in early activity to trade at US$61.31 per barrel.
The TSX was weaker, down by 71.46 points at 8:56 CDT, trading at 19,071.79 points.
